2000 Pacific, Long Beach, CA 90806

Building Details

Building Size 1,377 SF More

Year Built 1928 More

Listing Agency: Southland Property Group Show Phone

Listed By: Perry Karn · License #01963224

Source: Thecorralesgroup

Added: Feb 19 Changed: Nov 6 Last Checked: Nov 7 at 1:36PM

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Investment Insights

Based on property information with market context.

At 2000 Pacific, this mixed-use property includes a Spanish-style stucco duplex and a former garage adapted into three small spaces and a bathroom. The garage conversion is unpermitted. The property totals 1,377 square feet and was built in 1928. A covered patio extends the outdoor area, and fencing surrounds the property.

The corner location fronts Pacific Avenue and 20th Street in Long Beach. Restaurants, shopping centers, health offices, schools, and parks are within walking distance. The property also has access to Interstate 405, Interstate 710, and the beach.

Key Highlights

• 1,377‑square‑foot mixed‑use property built in 1928
• Spanish‑style stucco duplex facing 20th Street
• Former garage converted into three small spaces and a bathroom; conversion is unpermitted

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,672

Cap Rate

2.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$493,440 $493.4K

Cap Rate 7%

$352,457 $352.5K

Cap Rate 9%

$274,133 $274.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,377 SF

Gross rent

$37.2K $27.00/SF

− Vacancy

−$1.9K −$1.40/SF

EGI

$35.2K $25.60/SF

− OpEx

−$10.6K −$7.68/SF

NOI

$24.7K $17.92/SF

Area

ZIP 90806

Vacancy

5.20%

Lease Rate

$27.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$493,440

Cap Rate 7%

$352,457

Cap Rate 9%

$274,133

Alternative Uses

Best Use

Multifamily LT 5

$352.5K

$308.4K – $411.2K (±1% cap)

NOI $24,672 @ 7.0% cap · market cap 2.80%

Second Best

Apartment 5plus

$316.7K

$277.2K – $369.5K (±1% cap)

NOI $22,172 @ 7.0% cap · market cap 2.52%

Theoretical Best

Office A

$737.2K

$645.1K – $860.1K (±1% cap)

NOI $51,607 @ 7.0% cap · market cap 5.86%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Acupuncture (Bike/Boat/Book/etc) Store Carpet & Flooring Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,653

Businesses Nearby

Explore this area Business Placement

Demographics for 90806, CA

41,611

Population

13,106

Households

3.2

Avg Household Size

35

Median Age

22%

College-Educated

72%

High-School Grad

4.9 sq mi

ZIP Area

8,492

Density / Sq Mi

$73,674

Median Household Income

$36,691

Median Earnings

$1,672

Median Rent

$699,800

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Long Beach, CA

$234 Jul

$338 Aug

$290 Sep

$348 Oct

Properties on Market for Mixed-use properties in Long Beach

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - A fenced corner property combines a Spanish-style duplex with additional converted garage space.

Where is this mixed-use property located?

The property is located at 2000 Pacific Long Beach, CA.

What is the asking price?

The asking price for this property is $880,000.

What are key features of this property?

This property features: 1,377‑square‑foot mixed‑use property built in 1928; Spanish‑style stucco duplex facing 20th Street; Former garage converted into three small spaces and a bathroom; conversion is unpermitted